Earnings Per Share

9 Months Ended

Mar. 27, 2022

18. Earnings Per Share

The components of the calculation of earnings per share (“EPS”) are as follows:

	For the Three Months Ended				For the Nine Months Ended
	March 27, 2022		March 28, 2021		March 27, 2022		March 28, 2021
Net income	$	2,066	$	4,758	$	11,675	$	15,654
Basic weighted average shares		18,473		18,485		18,500		18,465
Net potential common share equivalents		469		482		474		331
Diluted weighted average shares		18,942		18,967		18,974		18,796
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		443		287		330		557
Excluded from the calculation of diluted shares:
Unvested stock options that vest upon achievement of certain market conditions		333		333		333		333

The calculation of EPS is based on the weighted average number of Unifi, Inc.’s common shares outstanding for the applicable period. The calculation of diluted EPS presents the effect of all potential dilutive common shares that were outstanding during the respective period, unless the effect of doing so is anti-dilutive.